Bureau De Change Operators in Nigeria have agreed with the acting CBN Governor that most transfers conducted by the International Money Transfer Operators (IMTOs) have been diverted and are not being tracked. The acting CBN Governor, Folashodun Shonubi, had earlier…
The growth of the financial technology, Fintechs, with over 200 startups, is revolutionising the financial services industry. The sector raised about $440 million in investments in 2020 and more than $600 million in 2021, amounting to nearly a quarter of…
The Securities and Exchange Commission (SEC) has opened Regulatory Incubation (RI) programme for Fintech firms operating or seeking to operate in the country’s capital market. In a circular by the Commission in Abuja on Sunday, the RI portal would be…
With over $9 billion in value pools, the Nigerian banking sector remains an attractive sector for investors. In the first nine months of 2020, Nigeria’s leading banks performed remarkably well as their earning results revealed much lower-than-expected loan loss provisions,…
